Economics Thread

So did you miss the part where I said "any independent person" or the part here I said if China refused we should have shut down travel from China? Theres plenty of people with credibility to monitor the situation that are not American. We knew about the virus in EARLY January and Trump and Pence led the charge telling us China has this under control and we can trust China. Pence said on February 7th that China has shown "unprecedented transparency" with the virus. There is no person in government with any competency whatsoever that would trust reports coming out of China like Trump did. Trump fell for it because he believes whatever he perceives to be good for him. If some staffer comes into his office and tells him we landed a man on Uranus he would probably tweet about it.
 
Btw, When Obama left office the budget defecit was 3.1% of GDP. It was at 4.6% of GDP under Trump in 2019 and a whopping 16% in 2020. Next years forecast which is basically set by the Trump regime no matter who wins is projected at 8.6%. Most. Libertarian. President. Ever........ Will be almost 2 trillion dollars next year.
 
The shape of the recovery:

EmTee2nXEAAS7AZ
 
It’s truly an unbelievable failure by Trump, Mnuchin, Nancy and Mitch that the second round of stimulus never came.
 
nsacpi said:
yeah, but wait till his second term
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I will bet you anything the right wing media is going to try and play this off as everything was fine and we would have added 100 million new jobs if only Trump won that second term instead of Biden. I guarantee it's going to happen. Ots already started.
 
cajunrevenge said:
I will bet you anything the right wing media is going to try and play this off as everything was fine and we would have added 100 million new jobs if only Trump won that second term instead of Biden. I guarantee it's going to happen. Ots already started.
Click to expand...

You mean fox ?
 
Adam Best
@adamcbest
·
14h
If trickle-down economics worked at all, like even a teeny-tiny bit,

people wouldn’t be flocking to food banks right as the stock market

hit its all-time high
 
When you have policy to support your point, you argue policy. If not policy you go to the politics.
When you have neither, you argue personal.
...
The point being and well articulated trickle down is a sham.
But, you knew that
 
At what point will people understand that government shutting down business is the exact opposite of free market capitalism.

The wealth divide it is creating is unimaginable
 
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